Fiat is to gold as lightning network is to Bitcoin.
Fiat was effectively a layer 2 solution to scaling gold. It was backed and settled to gold until that backing was removed. Unlike fiat though, LN's settlement to Bitcoin is cryptographically secured and cannot be removed!
https://twitter.com/SatoshiLite/status/939952738577739776
Buckle up. LN is coming.

people holding tether will be rekted...
Bitcoin unaffected. If any, price of bitcoin will increase even more. Tether holders selling at any cost for the most liquid crypto.
Bitcoin shines compared to bad money.

man how can you write about something you do not understand.
The black market is not using Bitcoin anymore. They use privacy coins like Monero. And if they bring it down, they will use Dash or ZCash..
The crypto currencies are a reality. deal with it.

It is totally out of question. Bitcoin cannot go over 100k That would mean Bitcoin is worth more than physical dollars in circulation. That cannot happen. I repeat. Bitcoin will not be allowed to reach 100k.
while some people are thinking about using crypto to sell his oil....................

this has already been implemented with a special smart contract. the Bitshares platform allows anyone to issue assets that track another asset with 200% collateral in the Bitshares token BTS.
there is bitUSD, bitEUR, bitCNY.. www.aex.com trades those.
Tether is a scam similar to eGold and other trust needed centralized schemes.

well can't americans live abroad? Besides I am doing you a favor. Crypto is a wealth transfer. If americans, japaneese or whatever don't buy it. they will be poorer when and IF Bitcoin succeeds.
I am not saying Bitcoin will succeed. But hedge your bets.

https://twitter.com/RonPaul/status/938145695294480385
A wealthy person wants to gift you $10,000. You get to choose in which form you'll take the gift. But there's a catch: You must keep the gift in the form that you choose, and you can't touch it for 10 years.
In which form would you take the gift?

look at my post history dummy. I am following Ron Paul since the very beginning. And I posted about Bitcoin here in 2013 and nobody cared.
And yes. Crypto is a big wealth transfer. maybe you should hedge your bets heh ?

I don't understand how the us tax code became what it is today.
I am so surprised so many libertarians here are not embracing crypto. Makes me think those naysayers are gov moles and shills working for Hillary and Co.

how will taxes be collected if you don't own dollars? BTC and other cryptos flowing in their own loop. no more fiat.
my bet the gov will collect taxes in Bitcoin because everyone will value it more than any other currencies.

there is a long road ahead of you. glad you asked. you can sign a message with the private. I can verify that you own the private key without knowing it.
the magic of crypto.. there is a world that you are unaware of.

well sorry. for me Bitcoin is king of crypto and has become a synonym with crypto currencies at large.
You can't ignore the alt crypto anymore. Bitcoin and Monero with atomic swaps and decentralized exchanges and Kovri will give us total freedom. You can force people using a transparent ledger when required. i.e for public funds. And citizens can use monero to move funds away from prying eyes.
The future is Crypto. Bitcoin is king. Moon landing in a few years.